UmbrellaBank.com CD Rates
UmbrellaBank.com is one of the lesser-known online banks, but UmbreallaBank.com CD rates are good for some investors. We here at HighCDratesInfo.com thought we should definitely look them over and tell you what is the latest with Umbrellabank certificate of deposit rates.
Currently, Umbrellabank requires a $1,000 minimum deposit for UmbrellaBank.com CD with terms ranging from 30 days to 5 years. Annual percentage yields (APY) progress quickly through each term of the UmbrellaBank.com CD rates, starting at 1.40% for the 30-day option. At 12 months the APY is up to 2.85%, but the longer term certificate of deposit rates are what make Umbrellabank.com CD rates shine.
At three years, the UmbrellaBank.com CD yields 3.05% APY and the five year certificate of deposit pays out 3.40% APY. Interest can be transferred monthly to any Umbrellabank checking, money market, or savings account or monthly or quarterly interest checks can be paid out as well. UmbrellaBank.com CD accounts have no fees associated except for early withdrawal penalties.
We feel that these UmbrellaBank.com CD rates are pretty good and definitely worth looking at. Longer-term investors will likely be most interested in what UmbrellaBank.com CD has to offer them. As always, rates change quickly as the market shifts, so take advantage of these rates now if you’re interested in locking them in. Umbrellabank is insured by the FDIC and is a wholly-owned subsidiary of New South Federal Savings Bank, a privately-held bank in Alabama.